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Exercise 9-27 Presented below is information related to Waterway Corporation. Price Index LIFO Cost Retail Inventory on December 31, 2020, when dollar-value LIFO is adopted
Exercise 9-27 Presented below is information related to Waterway Corporation. Price Index LIFO Cost Retail Inventory on December 31, 2020, when dollar-value LIFO is adopted Inventory, December 31, 2021 100 110 $34,200 ? $77,200 97,240 Compute the ending inventory under the dollar-value LIFO method at December 31, 2021. The cost-to- retail ratio for 2021 was 60%. Ending inventory under the dollar-value LIFO method at December 31, 2021 Click if you would like to Show Work for this question: Open Show Work
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